This past week, TMG founder & CEO Jake Teplitzky attended the Sports Business Journal Intercollegiate Athletics Forum in Las Vegas.
The conference was filled with industry professionals ranging from service providers to athletic directors to lawyers and everything in between.
There was much discussion surrounding NCAA President Charlie Baker’s new proposal of creating a sub-division of DI. The proposal stated would allow for at least 50% of the student athlete population of a given university to receive a form of payment during their collegiate career of $30,000.00 per year. This would be paid in the form of a trust ($120,000.00 total payout over 4 years). Despite this proposal not stating it outright, this was an initial attempt to address how to regulate student athlete compensation.
“Beyond the commotion and excitement surrounding President Baker’s proposal, there was an underlying theme throughout the entirety of the conference focused on name, image, and likeness (NIL) with regards to the challenges and obstacles that student athletes, universities, and sponsors are currently facing,” said Teplitzky. “Personally, I found myself reinvigorated and steadfast about the work that we are doing at TMG. TMG is dedicated to providing solutions for all stakeholders involved with NIL.”
Teplitzky was joined at the conference by TMG legal council, Bruce Siegal of Greenspoon Marder LLP.
Throughout the duration of the conference, Siegal and Teplitzky were often found chatting with one another about the sentiments of the panels, and extracting the message and meaning of what was being discussed.
In true TMG fashion, the two spoke at length about what the future of collegiate sports and NIL will look like in 2024 and beyond.